Kureha (JP:4023) has released an update.
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Kureha Corporation has finalized the terms for its 9th series of unsecured ‘Green Bonds’, aiming to raise 20 billion yen with each bond priced at 100 million yen featuring a coupon rate of 0.850% per annum. The funds will be utilized for expanding PVDF production facilities at the Iwaki Factory, crucial for lithium-ion batteries. A diverse group of investors, including various banks and asset management companies, have shown interest in the green bond offering.
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